I have so many questions about this topic but don't want to be greedy with anyone's time.Thanks ahead for anyone offering some insight!!!

Starting with a greedy asking price is a fundamental mistake from which it is difficult to recover and you create a negative marketing spiral - - wait 30 days to learn, oops too high so adjust the price which signals the mistake and if another 30 days lapses,you just signaled there's something wrong with the property (when in fact that's not true at all).Setting a FMV is not kid's play.

If I can get some help in structuring a deal so that the seller (who is a trader getting some amount of control over the asset from the bank, at the moment) doesn't circumvent me in order to be able to offer this distressed property.

Although there have been times when I've tried being greedy and was hoping the price would go even lower.

@Wayne Brooks The sale last year was a cash sale for $5,310,500 from an outside investing company to American TV and Appliance of Madison Wisconsin, making them the current owner and once occupier of the building.I spoke with the listing agent on the property and he said:The sale of the property last year was arms length The estimated rent for this property could be around $5.50/SF/YR   The replacement cost for this building would be about $110/SF.I would agree that the current asking price for the property is a little bit "greedy".

I'd bet the buyer is actually making an offer at 20K and simply saying he can't borrow to provide any more and if he does, would want you to carry it. 20K doesn't cut it for you.I might consider being less greedy in avoiding some prolonged transaction and using an option at 25K, and flipping the option to your buyer for 5K. 

Currently I work at Trader Joes, a job I love but need to think about retirement and building a portfolio.I attend local RE meetups when I can to meet other local investors but am looking forward to meeting other BP members!

Maybe I'm greedy.

I always think back to Warren Buffet's fearful/greedy saying.

It all depends on the payment option that you feel comfortable with but not get too greedy.